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Petroleum Industry Service Agreements

Who should attend: 

Professionals involved in managing international investments in oil and gas ventures: negotiators, lawyers, analysts, procurement managers, corporate development managers, governmental relations executives, officials in state petroleum companies, and Ministries of Energy, Finance and Geological Surveys.

4 days
Course aims: 

Gain an in-depth understanding of petroleum industry service and support contracts, and the process for contractor selection.

Enhance participants negotiating skills with the application of contract provisions to the resolution of claims and disputes that arise in conducting petroleum operations.

Course outline: 
  • Overview
    • Contract Fundamentals; Contract Hierarchy; Work Obligations; Regulatory Consents & Taxation; Checklist for Support and Service Contracts
  • Project Management and Cost Control
    • Project Management; Project Controls; Project Costs; Project Contracts; Alliances; Dispute Resolution
  • Contractor Selection
    • Tendering; Bidding Ethics; Integrity of the Bidding Process; Bid Evaluation and Award; Post-Award Variations; Feedback to Bidders
  • General Obligations of Contractor & Company
    • Contractor; Company; Basic Obligations
  • Contract Specifications
    • Contract Conditions; Performance Standards; Change Orders; Personnel; Safety / Environmental; Procurement of Goods and Materials; Subsurface Conditions; Force Majeure
  • Liability and Risk Control
    • Risk and Liability Clauses; Performance Bonds; Corporate and Personal Guarantees; Letters of Indemnity; Warranties
  • Insurance
    • Insurance Obligations; Coverage; Claims
  • Confidentiality
    • Introduction; Use & Disclosure; Documentation; Exceptions
  • Technology Development & Transfer
    • Acquisition and Control of Proprietary Information; Patent Rights; Technology Licensing
  • Audits
    • Audit Procedures; Conduct of Audits; Exceptions & Claims; Ineligible Costs